BOK Financial Co. (NASDAQ:BOKF) Short Interest Update

BOK Financial Co. (NASDAQ:BOKF) was the recipient of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 1,250,000 shares, an increase of 19.0% from the November 14th total of 1,050,000 shares. Currently, 4.0% of the company’s shares are sold short. Based on an average trading volume of 133,200 shares, the days-to-cover ratio is currently 9.4 days.

Shares of NASDAQ BOKF traded up $2.79 during mid-day trading on Thursday, hitting $87.08. The stock had a trading volume of 14,106 shares, compared to its average volume of 118,624. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.85 and a current ratio of 0.86. BOK Financial has a 1 year low of $69.96 and a 1 year high of $93.72. The business has a 50 day moving average price of $81.77 and a two-hundred day moving average price of $78.53. The firm has a market cap of $6.00 billion, a P/E ratio of 12.85, a price-to-earnings-growth ratio of 1.90 and a beta of 1.30.

BOK Financial (NASDAQ:BOKF) last issued its earnings results on Wednesday, October 23rd. The bank reported $2.00 EPS for the quarter, topping the consensus estimate of $1.92 by $0.08. BOK Financial had a net margin of 22.88% and a return on equity of 11.20%. The company had revenue of $465.55 million for the quarter, compared to the consensus estimate of $461.86 million. During the same period in the previous year, the firm earned $1.79 earnings per share. Equities research analysts predict that BOK Financial will post 7.44 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Tuesday, November 12th were paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 2.34%. This is an increase from BOK Financial’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Friday, November 8th. BOK Financial’s payout ratio is presently 30.09%.

In other news, Director Steven Bangert sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $82.83, for a total value of $414,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 54.90% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. Resources Management Corp CT ADV purchased a new position in BOK Financial during the 3rd quarter valued at $396,000. Public Employees Retirement System of Ohio increased its position in BOK Financial by 3.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 9,995 shares of the bank’s stock valued at $791,000 after purchasing an additional 290 shares during the period. Point72 Asset Management L.P. purchased a new position in BOK Financial during the 3rd quarter valued at $1,013,000. AMG National Trust Bank increased its position in BOK Financial by 4.8% during the 3rd quarter. AMG National Trust Bank now owns 10,961 shares of the bank’s stock valued at $868,000 after purchasing an additional 499 shares during the period. Finally, First Trust Advisors LP increased its position in BOK Financial by 79.5% during the 3rd quarter. First Trust Advisors LP now owns 198,979 shares of the bank’s stock valued at $15,749,000 after purchasing an additional 88,117 shares during the period. 40.01% of the stock is currently owned by institutional investors and hedge funds.

BOKF has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of BOK Financial from $88.00 to $90.00 and gave the stock an “equal weight” rating in a research note on Thursday. Piper Jaffray Companies set a $92.00 target price on shares of BOK Financial and gave the stock a “buy” rating in a research note on Friday, October 25th. ValuEngine raised shares of BOK Financial from a “sell” rating to a “hold” rating in a research note on Tuesday, December 3rd. TheStreet downgraded shares of BOK Financial from a “b” rating to a “c” rating in a research note on Wednesday, October 30th. Finally, SunTrust Banks set a $82.00 target price on shares of BOK Financial and gave the stock a “hold” rating in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $89.14.

BOK Financial Company Profile

BOK Financial Corporation operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. It operates through three segments: Commercial Banking, Consumer Banking, and Wealth Management.

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